Will you still love me..... when I transfer my tax allowance to you?
A new tax allowance was introduced on 6 April 2015 which means that a married couple (or civil partners) could be £212 better off by transferring tax allowances between them in certain – very limited – circumstances.
We at robinson+co are reviewing our clients’ position as a matter of course as we complete their personal tax returns and contacting them if the new allowance will be of use. But there is a major problem:
H M Revenue & Customs’ systems are not yet able to cope with this new allowance!
At the moment all we can do is register an “interest” in the relief and it is unlikely that anyone will see the benefit of this until September/October 2015.
In the meantime please contact us on 01900 603623 if you wish to attempt to claim the £212!
